Seller's Agent in 2024
Jose Herrera
eXp Realty
(630) 777-7579
5 in this area
160 Total Sales
370 Algona Ave Elgin, IL 60120
Northeast Elgin NeighborhoodEstimated Value: $486,000 - $654,000
6
Beds
4
Baths
--
Sq Ft
8,494
Sq Ft Lot Lot
About This Home
As of June 2024Investment opportunity!!This 4-unit property boasts positive cash flow, making it a great addition to any portfolio. Each unit is meticulously maintained and fully occupied, ensuring a steady stream of income. With a convenient location, strong rental history, and potential for further growth. Don't miss out on this turnkey investment gem!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,089
Year Built
- Built in 1934 | Remodeled in 2023
Lot Details
- 8,494
Parking
- 5 Car Attached Garage
- Parking Space is Owned
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Radiant Heating System
Additional Features
- Basement Fills Entire Space Under The House
- Additional Parcels
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Jun 18, 2024
Sold by
Jimenez Omar and Ramirez Paloma
Bought by
Aranda Brian
Seller's Agent
Jose Herrera
eXp Realty
Buyer's Agent
Sharon Lee
Century 21 S.G.R., Inc.
List Price
$580,000
Sold Price
$580,000
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,586
Avg. Annual Appreciation
-1.80%
Original Mortgage
$551,000
Outstanding Balance
$541,625
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$18,428
Purchase Details
Listed on
Dec 9, 2022
Closed on
Feb 24, 2023
Sold by
Donald L Mapes Trust and Ann L Mapes Trust
Bought by
Jimenez Omar and Ramirez Paloma
Seller's Agent
Sharon Mennerick
HomeSmart Connect LLC
Buyer's Agent
Jose Herrera
eXp Realty
List Price
$430,000
Sold Price
$385,000
Premium/Discount to List
-$45,000
-10.47%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.73%
Original Mortgage
$378,026
Interest Rate
5.25%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 5, 1998
Sold by
Mapes Donald L and Mapes Donald L
Bought by
Mapes Donald L and Mapes Ann L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aranda Brian | $580,000 | None Listed On Document | |
| Jimenez Omar | $385,000 | None Listed On Document | |
| Mapes Donald L | -- | -- | |
| Mapes Ann L | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aranda Brian | $551,000 | |
| Previous Owner | Jimenez Omar | $378,026 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2024 06/24/24 | Sold | $580,000 | 0.0% | -- | |
| 05/16/2024 05/16/24 | Pending | -- | -- | -- | |
| 05/10/2024 05/10/24 | For Sale | $580,000 | +50.6% | -- | |
| 03/14/2023 03/14/23 | Sold | $385,000 | -10.5% | -- | View Prior Sale |
| 12/18/2022 12/18/22 | Pending | -- | -- | -- | |
| 12/09/2022 12/09/22 | For Sale | $430,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,971 | $137,083 | $18,838 | $118,245 |
| 2023 | $10,557 | $123,844 | $17,019 | $106,825 |
| 2022 | $9,024 | $104,069 | $15,518 | $88,551 |
| 2021 | $8,681 | $97,297 | $14,508 | $82,789 |
| 2020 | $8,471 | $92,885 | $13,850 | $79,035 |
| 2019 | $8,264 | $88,479 | $13,193 | $75,286 |
| 2018 | $8,241 | $83,353 | $12,429 | $70,924 |
| 2017 | $8,105 | $78,799 | $11,750 | $67,049 |
| 2016 | $7,797 | $73,104 | $10,901 | $62,203 |
| 2015 | -- | $67,007 | $9,992 | $57,015 |
| 2014 | -- | $66,180 | $9,869 | $56,311 |
| 2013 | -- | $67,925 | $10,129 | $57,796 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Herrera
-
Asaf Arevalo
Seller Co-Listing Agent in 2024
Asaf Arevalo
The McDonald Group
(847) 463-0127
3 in this area
189 Total Sales
-
Sharon Lee
Buyer's Agent in 2024
Sharon Lee
Century 21 S.G.R., Inc.
(224) 645-2574
1 in this area
28 Total Sales
-
Sharon Mennerick
Seller's Agent in 2023
Sharon Mennerick
HomeSmart Connect LLC
(630) 408-5844
6 in this area
91 Total Sales
-
R
Seller Co-Listing Agent in 2023
Rudy Johnson
Keller Williams Inspire - Geneva
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12048550
APN: 06-12-330-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Nearby Homes
- 268 N Gifford St
- 1027 Saint John St
- 453 Addison St
- 32 Daniels Ave
- 1020 Hill Ave
- 644 Columbia Ave
- 491 Congdon Ave
- 131 N Gifford St
- 570 Addison St
- 362 1/2 River Bluff Rd
- 489 Division St
- 765 Algona Ave
- 256 Bayview Rd Unit 303
- 630 Forest Ave
- 221 Little Peninsula Rd Unit 313
- 14 Highland Ave
- 12 Rugby Place
- 1053 Lakeview Rd Unit 267
- 240 Little Peninsula Rd Unit 318
- 1116 Candlewood Rd Unit 356
- 373 Algona Ave
- 369 Algona Ave
- 377 Algona Ave
- 381 Algona Ave
- 370 Jefferson Ave
- 366 Jefferson Ave
- 361 Algona Ave
- 362 Jefferson Ave
- 380 Jefferson Ave
- 385 Algona Ave
- 366 Algona Ave
- 378 Algona Ave
- 378 Algona Ave Unit 1
- 378 Algona Ave Unit 2
- 358 Jefferson Ave
- 355 Algona Ave
- 2633 Mann Ln
- 364 Algona Ave
- 384 Jefferson Ave
- 354 Jefferson Ave
Your Personal Tour Guide
Ask me questions while you tour the home.